Filing Flows › Digital Brands Group (DBGI) › Q1 2026
Digital Brands Group (DBGI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 20, 2026
Digital Brands Group (DBGI) reported revenue of $1.3M for the first quarter 2026 (Q1 2026), -30% from a year earlier and -18% from the quarter before. Operating margin was -563.8%, net loss $11.4M (865.7% of revenue).
Digital Brands Group, Q1 2026: revenue $1.3M (-30% year over year), operating margin -563.8%, net loss $11.4M, operating cash flow −$4.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3M | -18% | -30% |
| Operating profit | −$7.4M | — | — |
| Net earnings | −$11.4M | — | — |
| Operating cash flow | −$4.7M | — | — |
What changed
Revenue was $1.3M in Q1 2026, down 30% year over year and down 18% from the previous quarter.
Gross margin was 3.4%, down 43.2 points from Q1 2025. Operating costs exceeded revenue by $7.4M, an operating margin of -563.8%. Operating expenses grew 160% against a revenue fall of 30%. The fastest-growing cost line was Other operating costs (+446%). The quarter ended with a net loss of $11.4M, narrower than the previous quarter's $20.6M loss.
Operating cash flow was −$4.7M. Non-cash charges added back $146K of depreciation and amortization. Working capital and other items added $6.5M. Capital expenditures of $120K exceeded it, leaving free cash flow of −$4.8M.
Questions
What was Digital Brands Group's revenue in the first quarter 2026?
Digital Brands Group (DBGI) reported revenue of $1.3M for the first quarter 2026 (Q1 2026), -30% from a year earlier and -18% from the quarter before.
Was Digital Brands Group profitable in the first quarter 2026?
Operating loss was $7.4M (-563.8% of revenue) and net loss $11.4M.